Information posting board



Dec. 14, 1948.

Filed April 18, 1947 w. THORPE INFORMATION POSTING BOARD 5 Sheets-Sheefl L AST LOW HIGH

OPEN

E INVENTOR WHRRE/V 7H0RP g ATTORNEY Dec. 14, 1948. w, THORPE 2,456,226

INFORMATION POSTING BOARD Filed April 18, .1947 5 Sheets-Sheet 2 29 INVENTOR' WHERE/V TH PE 2 BY ATTORNEY w. THORPE INi'oRmATIoN POSTING BOARD Dec. 14, 194s.

5 Sheets-Sheet 3 Filed April 18, 1947 Pam mF wE wzmlr Dec. 14, 1948. w, THQRPE 3' INFORMATION POSTING BOARD 5 Sheets-Sheet 4 Filed April 18, 1947 www WQuxQZD:

WHERE/V THORPE @vw WZMC.

ATTORNEY Dec. 14, 1948.

W. THORPE INFORMATION POSTING BOARD 5 sheets-sheets Filed April 18, 1947 INVENTOR h H/EREN THOR/DE gi I a z ATTORNEY V a n5 Patented Dec. 14, 1948 UNITED STATES PATENT OFFICE 11 Claims. (Cl. 177-353) This invention relates to information posting boards in general, and more especially to information posting boards for posting the quotations of business transactions.

Among the objects of the present invention, it is aimed to provide an improved information posting board or machine, whereby an attendant can quickly post or report changing records of a large number of items, so that if the board is being used for posting the quotations of a stock market, the constantly changing quotations of a large number of stocks can be quickly recorded and posted, in turn so that if the board is being used for posting the arrival and departure of successive trains, buses or aircraft at a station, these arrivals and departures can be quickly recorded and posted, in turn if the machine is being used for recording the returns of an election, the constantly changing returns as they are received can be quickly recorded and posted either separately or in totals, in turn if the board is being used for recording the amount of bets as they are received on a parimutuel machine, the consequently increasing totals can be quickly recorded and posted, and in turn if the board is being used for any purpose requiring a range of varying figures or continuing totals to be shown, the same can be quickly recorded and posted.

It is still another object of the present invention to provide an improved record posting machine such as disclosed in my co-pending application for patent, Ser. No. 635,966, filed December 19, 1945, now U. S. Patent No. 2,436,836 granted March 2, 1948, particularly adapted for posting the changing quotations of a stock market whereby one and the same attendant can immediately post not only the last quotation of a large number of stocks, but whereby the high quotation and low quotation of a particular trading period or trading day will automatically be posted whenever the last quotation is the high or low of the day, and whereby at the end of a particular trading period or trading day, or before the beginning of a new trading period or trading day, the machine can with facility be set for predetermined whole numbers, thereupon means actuated automatically to record or post the opening quotation as the first quotation of any stock being posted, and thereupon leave the opening quotation so posted in display position for the remainder of a trading period or trading day while the means for posting the high, low and last quotations of such stock are being operated during the remainder of the trading period or trading day without thereafter changing or affecting the price displayed by the opening quotation posting means.

These and other features, capabilities and advantages of the invention will appear from the subjoined detail description of one specific embodiment thereof illustrated in the accompanying drawings, in which:

Fig. 1 is a front elevation partly in section associated with a part of the wiring diagram showing a set of record posting wheels for a single item, such as a stock.

Fig. 2 is a fragmental plan view of the item or stock selecting key board and a part of the wiring diagram associated therewith.

Fig. 3 is a part of the diagram continuing to the right of the line 2-2 of Fig. 2, and below the line l-l of Fig. 1.

Fig. 4 is a part of the diagram continuing to the right of the line 33 of Fig. 3'.

Fig. 5 is a section on the line 55 of Fig. 1.

Fig. 6 is a section on the line 66 of Fig. 1.

Fig. 7 is a fragmental section on the line 'l---'! of Fig. 1.

Fig. 8 is a detail on the line 88 of Fig. 2.

Fig. 9 is a detail in perspective of the switch shown in Fig. 7.

The information posting machine constituting the main part of this invention may in part be used for posting the returns of an election, the arrivals, departures and records of airplane flights, the quotations of a stock market, or the betting totals or records of a parimutuel machine and for other similar purposes. The specific embodiment here illustrated is particularly adapted for posting and recording the quotations of a stock market, such as the open, high, low and last, referring to the opening quotation, highest quotation, lowest quotation, and last or current quotation of a particular trading period or trading day. These designations open, high, low and last are extensively used in brokers offices throughout the United States.

The present machine consists essentially of a posting or quotation board divided into a number of areas depending upon the number of stocks to be reported by means of this board. It is quite common with these boards when used for posting stock quotations to provide areas for at least one hundred and fifty stocks. It is believed practical with the present board to provide areas for as many different stocks as are required, whether one hundred and fifty stocks, more or less.

The machine, for the purpose of description, may be conveniently divided into several topics more or less arbitrarily chosen, to wit, the stock selector, the mechanism for setting the last quotation, the mechanism for setting either the high or low quotation, the mechanism for setting the board before the opening of a trading day to enable recording the opening quotation, and miscellaneous mechanisms, such as the mechanism for affecting corrections.

Briefly, the machinev will include a letter or alphabetical keyboard device, such as the keyboard 9, which will be operated to se ect the stock for which the quotation is to be posted,

In addition the machine also has a second keyboard consisting of numerals and indi oes forposting the prices, which keys are common to all of the stocks and will be operated only after the stock ha been selected. Some of thcselreysuare, illustrated in Fig. 4 and will hereinafter be describedin detail.

According to the mechanism hereinafter, to be described with the first quotatiomall of the numels f-th uart uianstc k. .see igwi be. set .to, post the firstnquotationjor each stock, to wit, below.. .ea ch of the. words open, highJ lowj andflast. Thereupomiifor this..,stock the next quotation is lower than the, opening quotation, pnly. th e number wheels under the words lowf. and last-Y will-change. If thereupcmthe. third. quotation of th dayis higher thanthe opening quotation, then only the,..number wheels under. the: .high and ,lastf will be. actuated to record this. high quotation.

lastiiwill be operated with each succeeding quo tation, if it diiters from; a previous quot ation.

The number wheels under thawordfioraen, will not-changeaiter;the initial-. quotation for particular trading period-or tradingday. The.num,-.

ber wheels under the wordfilowhwill ,onlychange when a: ,quotationis to be recorded that .is ;.low er than, any -previously.recorded quotation and the number wheels under the word high will only;

be operated-when -thacurrentquotation is higher than, any previously; recorded quotation, for..a particular trading period.

In theinter est of clarity, the several main-parts of.;the -mechan;ism; will now be described ,in the;

order heretotore nameds Stock selector The wiring.diagramtillustrated :in tl igs.v l and; 2 diagrammatically shows thei-hoolmp between. the keyboard lEirandthe stock selected; Assum.-.. ing that the setsof numberwheels in; the-areaof awstock board under. the notations .open,

high? low? and last illustrated in Fig. i are connected as hereinafter to be described,;to post. or recordthe quotations of thestockv Anaconda Copper, the symbol ;for whichnisVAg. then-the magnet VI 6 is operativelyconnectedby wires, when.

the combination responsive .to the keys associated with the letter A, symbol and symbolfi'i. are actuated-, that is, when the ,A. key, and #ikey otthe keyboard;Slaredepressed: When nectecl by the conductor .1 through the cable 16 With this. mechanism th number, wheels under the. word.-

' contact. 48,, which isconnectedby, themovable nectedto the contact 20 of the manually operated switch arm .2! .which normally-engages .tl1e=.con tact 22 of one of the windings 28 of theltrans-i former The other winding 24 of the tranc former 23 is connected to one of the main leads 25 and to the conductor 26 which is connected to the other main lead 21. The winding 28 connected to the contact 22 is connected by conducting means, hereinafter to be described, to the conductor 29 which is connected to the switch arm as which may be brought into contact with the contact 3! of the conductor 32 by the electromagnet andthe conductor-32'fis connected to the switch arm M which may be brought into contact with the contact 35 by the magnet 36, and the contact 35 is in turn connected by the conductor 3.]..with the switch arm 38 which may be brought into contact with the contact ll of the conducjtoriti: by the magnet 3%. These electromagnets 33, 36 and 39 in turn are energized when the A"key 67," the key 68, and the 4; key w respefitively, are depressed and in the succession named. The key 61 is connected by the conductor ditto. the magnet, t I, which when energized brings. the. switch arm. into engagement withthe. contact 43,, The switch arm .42',,in turn, is connected to the conductor 44.which,.extends through the, cable, tiand the conductor ifito, the

contactl ll with the bar 48.-which isconnectedrby the conductor 49 with the ,magnet,,33 The key Giiin .turnisconnected by the conductor iiowiththe conductor.5l ..which is connected to. the. mag

net 52. which ,when energized ,actuates the. switch arm 53 into engagementwith, the contactb i thei,

switch arm- 53 being in turn connectedby-the con: ductor, Sir-through the. cable. 45... However, since P the conductor. 55 throughthe. cable 45. and its branch ,56 i notincommunication with thebar 4 8, by means or the; movable contact Al, it,wil l.. have noeffectonthemagnett33.. Onthe other hand, since th conductor. fifilis-alsc. connected by the cond-uctorfil to theamagnet 58,. when .itis Y energized it=willattract the switch arm. 59;t01en= gage the contactfiflwheu. the current will .flow. through-the; conductor 6i which after. passing throughythe cable 62,.engages-thecontact t3 and. by. means of the ,movable contactiitengagcs the. bar 65, which is, connected bythe conductor- 56. to, the-,magnet;36,.gwhereupon the magnetiifitwill be, energized ,to attract the switch armltfltto engage the contact 35. is depressed;the current will-flow: through; the

conductor '16. which is .connectedqnot only by the. conductor, H to the-magnetJZ, but-also to themagnet 13 bytheconductor M, and the-conductor.

'HJ is also connected to. the magnet 15; When the. 1H magnet 15,,is energized it will. attract the switch arm 15 to engage'theecontact:llandcomplete a circuit rthrough the conductor 18 which after passing through- ;thefcable J8 15:001'11160179d2t0th6 con-tact. 89 which: istconnected by the; movable contact-Bito. the-,b-ar. 82-;which, is connected by the,;condll0t0r 835.130 the magnet 39. which when energized, -wi 1l;;actuate.; the sswitch arm 38 :to, en-

gage thecontact Ila.

This-ener ization of the;n'lagnets 33,= 3S,and 39 by depressing the keys 61, 6B and;.6 9,-respective1y,, will only occur wh,en, the.,--keys are=;depressed in.

the succession-namechv The meanswhereby this succession will; determine theenergizationof the.

magnets ;33, 36-: an d 39.- which"control the magnetlfl of the'stocklarea selectedwill new be dc:

scribed. If-thekey 61 istherfirstkeycf agroup of three to be pressed; it will, as, aforesaid, cause,

the magnets 4 hand; 33 to beenergized. The [magnetAlsee Fig; 2, is connected by the conductorw 84;-1to. the magnet85l, which in;turn,is connected:

In turn, when the. key 69" by the conductor 86 to the contact or brush 81, which in Fig. 2 engages the contact 88 on the drum 89. From the contact 88 the current will pass when the brush 81 engages the same to the slip ring 90 which is in engagement with the contact 9|, which in turn is connected by the conductor 92 to the conductor I9. The key 61, however, is connected by the conductor I59 to the common conductor 95, common to all of the keys in the keyboard 9 and connected not only to the key 61, but also to the keys 68 and 69 so that when the key 61 is depressed, the current will pass through the conductor I9 through the magnet 94 to energize the same, thereby to attract the switch arm I95 to engage the contact 96 to energize the magnet 91. This magnet, see also Fig. 8, when energized will attract the arm 98 against the tension of the spring 99 to withdraw the pawl I out of engagement with the ratchet wheel IN on the drum 89. Immediately after the key 61 has been released, the current through the magnet 94 will be interrupted thereby to liberate the switch arm I85 and in turn interrupt the current to the magnet 91, whereupon the spring 99 will actuate the arm 98 and pawl I00 to cooperate with the ratchet wheel IIII to rotate the drum 89 one tooth space so that thereupon the contact 81 will leave the contact 88 and the second contact I02 will engage the contact I03 on the drum. When the contact I02 so engages the contact I03 it will be in position upon the depression of the next succeeding key, the key 58 in the present instance, to energize the magnet 58, the contact I02 being connected by the conductor I04 to the magnet I05 which in turn is connected to the conductor I06 which is connected by the conductor I01 to the solenoid 58.

In turn, when the key 68 will so be depressed, the current to the magnet 94 will be re-established, in turn, as aforesaid, to close the circuit to the magnet 91 and again actuate the arm 98 and with it the pawl I00 to liberate the ratchet wheel IN and position the pawl for engagement with the next succeeding tooth of the ratchet wheel IOI so that upon release of the key 68 and the deenergization of the magnets 94 and 91, the spring 99 will again actuate the arm 98 and pawl I00 to rotate the ratchet wheel IOI a second tooth space and now bring the contact I08 into engagement with the contact I09. The contact I08 is connected by the conductor IIO with the magnet III, which in turn is connected to the conductor I I2 which is connected by the conductor II3 with the magnet 15. Consequently, upon the depression at this time of the key 69, the magnets 94 and 91 will again be energized to attract the arm 98 and pawl I00 to release the ratchet wheel IOI and position the pawl I00 for engaging the next tooth of the ratchet wheel IN to actuate the same and therewith the drum 89 to position a fourth contact on the drum 89 in contact relation with the contact 81, for the selection of the next stock area when the key 69 is released.

From the foregoing, it will thus be seen that with the successive engagements of the keys 61, 68 and 69, the magnets 4|, 58 and 15 will be initially energized. The energization of these magnets 4I, 58 and 15 will initially actuate the switch arms 42, 59 and 16 to energize the magnets H4, H5 and H6, respectively, when the switch arms H1, H8 and H9 will be actuated to engage the contacts I20, I2I and I22, respectively. As a result thereof, the conductor 44, associated with 6 the key 61, the conductor 6I associated with the key 68, and the conductor 18 associated with the key 69 will be connected to the intermediate conductor I23 and by it to the conductor 29, which conductor 29 is connected by the conductors I24 and I28 with the contact I25, and by the switch arm I26 to the contact I21 of the conductor 228 which is connected to the switch arm I 29 nor mally in contact with the contact I30 of the conductor I3I which is connected to the winding 28 of the transformer 23, and from the transformer 23 through the contact 22, switch arm 2I to the conductor I9, and from the conductor I9 by way of the conductor I45, magnet I46, contact I41, arm I48, conductor I49, to the magnet 33, and from the magnet 33 back to the magnet II4 by the conductor 44, and similarly from the conductor I9 by way of the conductor I to the magnet I4I, contact I42, switch arm I43, conductor I44, to the magnet 36, and then back by way of the conductor 6| to the magnet H5, and in turn from the conductor I9 by way of the conductor I 32 to the magnet I33, then to the contact I36, switch arm I31 and conductor I39 to the magnet 39, and back to the magnet II6 by way of the conductor 18.

In this arrangement, the magnets H4, H5 and II 6 will serve in part as holding relays for the switch arms H1, H8 and I I9, respectively, and similarly the magnets I33, MI and I46 will serve in part as holding relays for the switch arms I31, I43 and I48, respectively. The magnets I46, I4l and I33 will be initially energized to attract the switch arms I48, I43 and I31, respectively, when the magnets 85, I05 and III will be initially energized by the successive depressions of the keys 61, 68 and 69, respectively, to attract the switch arms I50, I5I and I52 into engagement with the contacts I53, I54 and I55, respectively.

The circuits for the magnets M, 58 and 15 will be substantially as follows: for the magnet II, the common conductor 95 from the keys 61', 68 and 69 will pass through the magnet 94, conductors 93, 29, I24, conductor I28, contact I25, switch arm I26, contact I21, and conductor 228 to the conductor HI, and finally to the transformer 23 and then from the transformer 23 by means of the conductor I9 to the conductor 92, slip ring 90, contact 81, conductor 86, magnet 85, and conductor 84 to the magnet M which is connected by the conductor 40 to the key 61 when depressed.

For the magnet 56, when the key 68 is depressed, the current will pass through the common conductor 95, magnet 94, conductors 29, I24, and conductor I28 back to the transformer 23, and from the transformer 23 by means of the conductor I9, conductor 92, slip ring 90, contact I02, conductor I04 and conductor I06, to the magnet 58, and from the magnet 58 by means of the conductor to the key 68 when depressed.

In turn, the current for the magnet 15 when the key 69 is depressed will pass from the common conductor to the conductors 93, 29, I24 and I28 to the transformer 23, and from the transformer 23 by means of the conductor I9 to the conductor 92, slip ring 90, contact I08, conductor IIO, to the magnet 15, and from the magnet 15 by means of the conductor 10 back to the key 69 when depressed. The magnets M, 58 and 15 will, of course, only be energized when the contacts 81, I93 and I08 register with their particular contact plates 88, I02 and I09, respectively, on the drum 39 as heretofore described.

The circuits for energizing the magnets H4 H5 and H6 and thus for maintaining the switch,

acaw arms :30; t fi and 38f in= clesed' p'ositlon iui'itil' th'e new quotation has been posted is substantiallyasaiollows ifor the magnet I it; the current Will passairomthe conductor i23 to theapositive conductor 29,: conductors I ZAi and'. I28; conta'ct l2 arm .1255; contact: i211; conductor5a'228j l arm i293;v

contact :l 30'; and conductor I 3 I :toathestransformer:

23;:andff'r'om.1the transformer. Esthroughxthe cone ductorss I9-and' It5','=.magnet1 i 36, conductor 54 magnet 33Zand conductors l-Q andtiM back toEmag-s netxi M; In turn, forihe magnet- M5;theicurrenh will pass fro-m'the conductor: ittitontheepositive: conductor. conductors I24'- and 2 I28, ;contact i. contact 21; conductor .228, arm "129;". contactal UL. and. conductor l3 Iwto the transformer. 25%, and from the transformer. 23qthl0l1ghr the" I 25; arin conductors l5 and. Mil; magnet. Mi, conductor hi t, magnet-til and-conductor M.- ba'ck tonnag net. I

In turn, for the magnet :5 IS, the curr-entiwill pass from the conductor .l2.3-,.to the positive'conw ductor- 29, conductors i524 and iZttto FUIQUEHS? formeri23 and froni the transformer 23 -through erated for. posting a single item'whether stock-- quotation, the successive reports of a politicalelection, the successive reports of'the total sums. wagered. for a race, or the successivereports of the" odds established" by the amounts: wagered as is conventional 'Withparimutu'el machines.

In the present instance, the last quotation wheels I62, I63, E64 and I65 are each'provided with a radially extending'web Hi6. At the inner end of the web tilt, the-wheel M2 is provided with an axially extending-hub I6? mountedon the shaft ills-and fixed thereto, which'wheel, in"

case of a stock quotation machinawill preferably constitute the eighths-wheei; The shait Hit-is preferably jcurnalled at its ends in the supporting plates 569 and lid. At the periphery of the web-Hit"; of the wheel G62, there is provided an axially extending cylindrical shelllll, the outer" periphery or face of which is divided into ten successive equal areas including a black colored area, an'area for each of the numerals'l to '7, inclusive, a blank'area, and a' white colored area,

each of the areas being equal in length as afore said, so the arcuate or circular length of the -outer periphery oi. the shell I l'll wil l' be--di'-- videdvinto ten equally sized adjacent areas. The black colored area when displayed will indicate that. there no fraction in the-"price quoted, each of thcnumerals from 1 to '7, inclusive, when displayed,. will'.indica'te.: the fraction; in eighths; the blank area will neverbe .displayedyandthe white area when'displayed will indicate at the opening of atrading. period .thatno quotations have been. posted for that tradingv period.

Each web Hit, see Fig. 5, is provided with two contact or slip rings 272 and N3, the ringl'it being endless and connected by the bridge H4 with one end N5 of theoring llil interrupted-from its other end. The ring Iltl is furthermore com posed either of carbon, awwinding or other resistant means, so thatsthe electric resistance inclu'dedncr-exercised will. decrease'as the brush l i6 recedes in a counter-clockwise direction :irom the-end H5 or the ring H2; The brush I IE-see Figs. l a-nd' 5, is connected by the conductorlll to' thc conductor M81 The brush H9 in engage mentl withthe ring il3, on the other hand, is connected by the conductor lilfl'to thecontact 85.: linlother words, .as the wheel ltil isrotated clockwisepthe':brush' H6 will include in the cipcu-it; aa decreasing extent or portion; of. the" re sistan'ce-ring I12.

The'hub. I51: of the" wheel H52, see Fig. 1, is pinnedzjtorthe shaftilflt by the pin I82. On the:

shaft1I68- thereis also pinned'the hub I83 of the ratchet: wheeli.I84,-.cooperating with the spring I pressedipawl': I85 pivotally mounted'onthe escapement wheel I 86', rotatablymounted on ithe shaft I68, the teeth of which wheel I86 are operativel-y associated. with the fingers I81 and I88 of. thegbifurcated claw I89 pivotally'. mounted on the shaft: I90 =journalled in the supporting plate I69 and; having anzarm'ature I9I operatively associated :withthemagnet I92 which is connected by. the-:conductor 'I93tothe switch arm" I I, and by thevcon'ductor' I95 to the make and break device 295 which in. turn is connected'by the conductor I96 to the contact I91, and the conductor I96:in v turn is'alsor connected by the conductor I98 'tozthe I switch arm I99: to be broughtinto engagement with the contact 2635 when the magnet 2! is en- 9 ergizedu In the present instance, the magnet I92 when energized will actuate the armature I9I to rotate the wheel I62 in a counter-clockwise direc tion; thatis, to cause the display Wheel I62 to display 'agreater number as it rotates, so thatif'it had displayed: the black area-equivalent to zero, indicating that there is nofraction in the quotation being displayedthe next area to be displayed will be the I area indicating that the quotation then being displayed contains or includes the fraction A3? The'shait I63, see the-left hand end of Fig; 1, has also-fixed thereon the hub 202 of the ratchet wheel 2fl3=operatively associated by apawl tothe escapement wheel 2M rotatably mounted 1on-the shaft. I68 -which wheel 2M-is operatively asso ciatedwith theclaw 205 pivotally mounted on the shaft 206, journalledin the supporting plate I70. The teeth of wheel 2M are opposite hand to those ofwheel I86. The claw-285 will be'actuated when thenragnet-ZO'! isenergized, suchactuation by" the' magnet Zlll willactuat'e the shaft I68 in the opposite direction to thedirection of rotation Whenw ac-tuateddoy the claw I89; that is, in a-clockwise direction-when lookingat Fig. 5, instead of counterclockwise; and therefore cause the Wheel I621 when rotated to displaysmallernumbers to indicate that theprice isfalling. This magnet'2U'I is.

connected. by the conductor 2G8 to the conductor th'ezswitch arm :2 l 3 when the magnet 2 I d is energized. As will. hereinafter appear,- when the quotation being registered is lower than oneztheretoe fore posted, a circuit will be established to ener-' gizethex-magnet fi l-lto bring the switch arm'2I3 into. engagement with the contact 2I2 and in turnj-whenth'e quotation being registeredis highe erthan theone theretofore posted, the circuit will.

be'establishedzwhich will energize the magnet 20I insteadxofthe magnetZiM; In otherwords, either ready posteds. The-wheels I63, I64 and-:1I65-' are' rotatably mounted on the shaft I68 adjacent to the wheel I62, the wheels I63, I64 and I65 cooperating with the wheel I62 to post any single quotation, the units, tens and hundreds of a given number, respectively. As distinguished from the wheel I62 which is fixed to the shaft I68, the wheels I63, I64 and I65 are rotatably mounted on the shaft I68 but connected to the wheel I62 by the gears 2I5, 2I6 and 2 I1, rotatably mounted on the shaft 2 I6 which is connected at its ends to the supporting plates I69 and I16. The shaft 2I8 may be fixed in its relation to the supporting plates I69 and I16, since the gears 2I5, 2I6 and 2H will rotate independent of one another and only be actuated when, as is conventional, either the next number to be posted is a whole number as distinguished from a fraction previously posted by the wheel I62 when. the wheel I62 will actuate the gear 2 I8 in turn to actuate the wheel I63 to display the next whole number as compared to the zero or last whole number displayed by the wheel I63. In turn, when the next number to be posted is 10 or a multiple thereof as distinguished from 9, the last number displayed by the wheel I63, then the gear 2I6 will be actuated in turn to actuate the wheel I64 and display the next whole number, and similarly the gear 2I'I will be actuated by the wheel I64 to actuate the wheel I65 when the next number is 100 or a multiple thereof as distinguished from the previously posted number which was lower by one whole number or /8 as compared to the new number "100 or a multiple thereof. Since the structure of the gears 2I5, 2I6 and 2I'I is identical and is well known in the accounting machine art, it is ibelieved suflicient to describe the gear 2I5 with respect to the wheels I62 and I63, Figs. 1 and 5. Each of the wheels I62 to I65, inclusive, is provided with a single notch 2 I 9 to receive one of the four teeth 226 of the gear 2I5, 2I6 or 2I'I. Adjacent to the teeth 226 there are provided in the present instance eight teeth 22I which mesh with the teeth 222 on the peripheral edge of the wheel I63 adjacent to the wheel I62. The free end of the wheel I62 is of course not provided with any teeth, such as the teeth 222, and in turn the wheel I65 of course is not provided with any teeth or recess such as the recess 2l9 of the wheel I62. With this arrangement with every complete rotation of the wheel I62, the rear 2I5 is rotated one tooth space by the cooperation of the notch 2I9 with one of the teeth 226 of the gear 2 I and at the same time the next adjacent wheel, the wheel I63, in the present instance, is advanced or actuated one area space corresponding to the area of a number on the outer face of the shell III of the wheel I63, due to the cooperation of the teeth 22I with the teeth 222 of the wheel I63. In turn, in a similar way with every complete rotation of the wheel I63, the gear 2I6 will be actuated in turn to actuate the wheel I64 a single area distance, and in turn for every complete rotation of the wheel I64 the gear 2" will in turn actuate the wheel I65 one area space or distance. Obviously, if the prices are dropping and the new quotation is lower than the last quotation, then instead of actuating the successive Wheels I63, I64 and I65 to post a higher quotation, it will post a lower quotation with the rotation of the wheel I62 to post a lower number.

Each of the wheels I63, I64 and I65 also have on the outer faces of their shells III, a plurality of display areas, in this instance ten display areas, each including a successive number or index from 10 "0 to 9, inclusive, and in the same order as the indices on the shel1 III of the wheel I62.

From the foregoing, it will appear that the Wheels I63, I64 and I65 will be rotated, if at all, in the same direction as the rotation of the wheel I62 according to the direction of rotation of the shaft I68 to which the Wheel I62 is pinned, and that the claw I89 associated with the magnet I92 will actuate the shaft I68 to cause the wheels to advance, that is, to post higher numbers than those theretofore posted, and that when the shaft I68 is actuated by the claw 265 associated with the magnet 261, the wheels will rotate in the opposite direction and thereupon post numbers or quotations lower than those therefore posted.

Before the wheels I62 to I65, inclusive, can be actuated to post a new quotation, as aforesaid, the stock area must be selected and when it is selected it will initially energize the magnet I6, in turn to actuate the switch arms I I and I2 into engagement with the contacts I3 and I4, respectively, when the conductor I93 connected to the magnets I92 and 26! will be connected to the main negative lead 25 by means of the conductor I66. Whether the positive lead 21 is connected to the magnet I92 or 261 will depend upon whether the magnet 20I or 2I4, respectively, are energized. If the magnet 26I is energized, then the current will pass from the magnet I92 through the conductor I94, make and break device 295, conductor I96, conductor I98, switch arm I99, contact 269, conductor 241, switch arm 246, contact 245, switch arm 244 and conductor 26 to the high voltage positive main lead 21, the magnet I56 or starting switch haVin-g thereto-fore, as aforesaid, been energized and brought the switch arm 244 into engagement with the contact 245. In turn, if the magnet 2I4 is energized, then the current will pass from the magnet 26? through its associated make and break device 395 to conductors 269, 2 I I, contact 212, switch arm 2 I 3 and conductor 24?, as aforesaid, by way of switch arms 246 and 244 and conductor 26, back to the high voltage positive main lead 21.

Assume for instance that the last quotation posted is lower than the quotation being posted when the magnet 26! is initially energized in turn to establish the circuit for the magnet I92. This will be accomplished by the means now to be described. In Fig. 4, in the right hand column, there are shown a plurality of keys, the key 223 causing the wheel I62 to display the black area on the shell III, and the keys 224 to cause the areas I to I, inclusive, on the wheel I62 to be displayed, key 465 for the blank area on the wheel I62, and the key 225 when depressed'to cause the white area on the wheel I62 to be displayed. For each of the wheels I63, I64 and I65 in turn, according to the area to be displayed, corresponding in the indices 0, 1 to 9, inclusive, the keys 226 are required to be depressed. Now assuming that the last number posted by the wheels I65 to I62, inclusive, was 110.0, then the wheel I65 would display the area containing the number 1, the wheel I64 would display the area containing the number 1, the wheel I63 would display the area containing the index 0, and the wheel I62 would display the area containing the black spot. If the number now being posted is then the attendant would be required to depress the key 224 corresponding to the area containing the number 1 on the wheel I62. Thereupon, the conductors 221 and 229 would be bridged as a result of which the magnet 236 would be energized to actuate the two NU, through the conductor 25L magnet 2352 to actuate the two switch arrns253 and 254 to separate the switch arm 253 from the contact IBl and to bring the switch arm 2554 into engagement with :the-contact256. From the magnet 252 the current will continue through the conductor 25? to the magnet 258 and from the magnet ZEBthrough the :conductors 259 and 286 to the negative lead 59 arms 23l and 232 into engagement with'the contacts 233 andiit 'l, respectively, whereupon the current will initially pass from the posh 'tive lead 28 connected to the transformer I23 to the conductors.

through the conductor and resistance bar 250 and then back to the transformer 23. At the same time the ma'gnet 2553 will be energized to attract the switch .arm '26! ifit can overcome the attraction of the rmagnet'iliili for the switch arm 26L This circuit will be established only momentarily.

:Before the key has been so depressed, however, and-immediately that the magnet It is energized upon the selection of a stock area, all

of the resistances in the wheels I 62 to I 55 will :be' electrically connected to the transformer 2-3. IThe-contact llilof the wheel as an instance, :will be connected by the conductor i533, through the-contact lSi, switch arm 255i, conductor sand magnets 255 to the conductors i2 3, mi, 228

.and1I3i to the positive lead 28 or" the transformer 23 and from the contact I it to the conductor I'll, common conductor we to the contact E4, switch .arm I2 and conductor Iii back to the negative lead of the transformer 23. In turn, the contact 266 of the wheel I63, contact 26? of the wheel Hi l and .contact 268 of the wheel l i iwill be connected to .the common conductor i'i'ii and by way of the contact I l and switch arm l2 back to the negative :lead I9 of the transformer 23.

While the contact 26.9 of the wheel I63 will be connected by the conductor are to the switch arm UNI, conductor filzand magnets N3 of the'units column to the conductor EM and from it by way of the conductors H28, 228 and IilI to the positive lead of the transformer 23, in addition the contact'Zhi of the'wheel ltd will be connected by the conductor 2'55 to the switch arm 2165 and then by the conductor Ell from the magnets 278 of the --tens column to the return conductors I24, 623, 223 and I34 to the positive lead of'the transformer In. addition, the contact 279 will be connected by the conductor 28% to the switch arm 28! and by the conductor .282 to the magnets 283 of the hundreds column then to the return conductors I25, I23, 228 and 335 back to the positive lead of the transformer Ii, asaforesaid, the number last posted was 110.0, indicating that the number was a whole number and the eighths column displayed a black spot, the wheel lot would display the numeral 1, the wheel its the numeral 1, the wheel I63 the index and the wheel I62 the black spot. In this case in the hundreds column the magnet 283 corresponding to the key 1 would be energized to actuate a switch arm 2% into engagement with the contact 285, whereupon, in addition the magnet 286 would be energized to bring the switch arm 28'! into engagement with the contact 288. In addition to the magnet'fiiiii, all of the magnets 283 in the hundreds column would be energized, but only the switch arms 284 corresponding to the number 1 key and corresponding to the 0 index would be energized for the reason now to be explained.

Each of the switch arms 2% is maintained in depressed position by a spring 289. The springs #289, associated with the switch arms 284, are

graduated in pullingiorceso that, as an instance, the lowermost spring'has arpulling force approx- ;imatingone-iourthof an ounce, the next uppermost spring 289 'a pulling forceof one-half an ounce, and soon-with a one fourthounceincrease for each'successive adiacent'uppcr switch,

to .benumber 1, then the magnet .and the magnet .285, subsequently in the same 'levelas that ,Ofthdklyfifi for the number 1 .with the uppermost switch having a pulling force of twoand one-half ounces. The pulling forces of thesesprings 289 are-so determined to approachxbutnot exceed the e-lectromotive'force, or pulling force; exercised when the contact I To en-- gages the ten-successive areas on the slip ring HZ. .In other words, the greatest-amount 'of resistanceinthe slip ring H2 connected to the contact -Ilii will correspond 'to-the lowest electromotive force or pull exceeding the pulling forceof the lowermost spring 239 corresponding to the O 'keywbut not strongenough to overcome the pulling force of the spring 289 con nected-to'the switch arm 28 corresponding to y :In other words, if the number 1 isidisplayed' on 'thehundreds wheel IE5, the con- .tactififl willengage the slip ring @2953 where it will -energize=all 'ofthe-magnets 283 and pass suiiic-ientcurrent to' overcome the two lowermost springs Z39 topermitthe two lowermost switch sarms' fl-fi l-to beswung upwardly into engagement :with the contacts 285.

This current, however, will'not be sufficient to overcome the "resistance of'anysprings-iflfl abovethe two lowermost, so that only'the two lowermost armsmi i will have been swung upwardly into contact with their adjacent contacts 285. As a resultthereof, a

current will pass from the transformer 23 through :the negative conductor i to the conductor'ZSI, to the uppermost switch arm 284, the interme- .diate conductor 29?, down to the'next switch arm .lifl i and back to the intermediate conductor 292 and so on, until the conductor 2% is reached lwhen.the-,.current will pass through the magnet dim-corresponding torth'e key 1, then'over to the contact 285, switch arm 284 and conductor .294,..back.tothe conductorsizt, I28, 228 and IN,

hack :to the positive lead of 'the transformer 23.

It will'be-seen that the only magnet 288 in the hundreds column'which has been-energized is the one correspondingto thenumber 1 key. Consequently, it will actuate the switch al'mEE'l into engagement with its contact 288 and remain in such engagement-until the magnet has been energized to attract the. arm 2% into'eng-agement with the contact 2! when'a current will be established from the'negative side of the transformer .23 through the conductor-239 to the con-- .ductor-'293,-.magnet .299, conductor 3%, across the then back by way of theconductors I 24, H8,

228, i3i and positive lead of the transformer -23, ,If ai-key 226 in the hundreds column had been .depressed. and it corresponded to the number alreadyposted in the hundreds column, assumed 233 initially 131 back to the transformer 23. When the magnet 299 was so energized, the switch arms 302 and 303 would be actuated, the switch arm 302 would leave the contact 304 and the switch arm 303 would engage the contact 305. If key 226 in the hundreds column was not depressed, and similarly no keys were actuated in the tens and units column, the magnets 299, 306 and 301 would remain neutral and the current from the negative conductor 13 would pass through the conductor 308, switch arm 332, conductor 3113, switch arm 311, conductor 312, switch arm 313 and conductor 314, but not pass any further until the last stop magnet 315 was energized. If, on the other hand, a key 226 were depressed in each of the hundreds, tens and units columns, corresponding to the number in such columns previously posted, and then the magnets 293, 306 and 301 would be energized, directing the current from the negative lead 19, through the conductor 3113, switch arm 303, conductor 316, switch arm 311, conductor 318, switch arm 319 and conductor 314 where again it would not pass any farther until the magnet 315 were energized. There would, of course, He no purpose in selecting a stock, and selecting the identical quotation equal to the last quotation posted, and therefore there would be no occasion for depressing the key 224 in the eighths column corresponding to the eighths index last posted. Assume, however, the case given, as aforesaid, namely that the last quotation was 110. for Anaconda with the black spot posted in the eigh'ths column to indicate that the price did not include a fraction, and the next price to be posted was 110 necessary to depress the key 224 in the eighths column with or without previously having depressed the keys 325 in the hundreds, tens and units column.

When the key 224 in the eigh'ths column is thus depressed to post the price 110 after the last previous price posted was 110. with a black spot displayed in the eighths column, at least three distinct functions will be performed, to wit: the first function characterized by energizing either the magnet 201 for controlling the rising price operating magnet 192, or the magnet 214 for controlling the descending price operating magnet 201; the second function characterized by energizing the magnet 1515 servin as the starting switch to permit the high voltage current to flow either to the rising price operating magnet 192 or the descending price operating magnet 201; and the third function characterized by energizing the magnet 315 or last stop switch, thereby to close a circuit to the magnet 320 of the delayed relay 321, which magnet 320 when energized would eventually actuate the switch arms 129 and 245 to interrupt the current for controlling the magnets of the stock selector elements illustrated in ig. 2, as well as the current to the magnet 10 and the number selecting elements, illustrated in part in Figs. 1, 3 and 4,

The first function is concerned with selecting either the rising price operating magnet 192 or the descending price operating magnet 201. Since it is assumed here that the new price will be a higher price, to wit 110 instead of the whole number 110., we shall expect to ultimately select the magnet 192. the magnet 10 is energized after the stock has been selected by the keyboard 3, the switch arms 1 1 and 12 will be attracted to close the circuits to the several magnets 283, 218, 213 and 265, illustrated in Fig. 4, which are associated with the Then it would only be Immediately that 14 price posted by the wheels 165, 164, 163 and 162 respectively. Thereupon, when the key 224 in the eighths column alone is depressed, for posting the 1 indicating the fraction /8, the current will initially pass from the positive lead associ ated with the transformer 23, through the conductor 128, key 224, conductor 221 and resistance bar 250 to the conductor 251, magnet 252, conductor 251, magnet 258, conductor 259 and back to the transformer 23 by way of the negative conductor 13. In this way at the same time the magnet 252 will actuate the switch arms 253 and 254 so that the switch arm 253 will leave the contact 181 and the switch arm 254 will engage the contact 256. Thereupon the current will now also pass through the magnet 262 in opposition to the magnet 258, and the current for the magnet 262 will pass from the transformer 23 by way of the conductor 19 to the switch arm 12, contact 14 and by way of the conductors 322, 118, 111 and 180, switch arm 254, conductor 323, magnet 262 to the positive conductor 324, and back to the transformer 23. Consequently, since there will be a greater electromotive force passing through the magnet 258 than through the magnet 262,

the switch arm 261 will be attracted and brought into engagement with the contact 325, as a result of which the magnet 326 will be energized and the current now flows from the negative lead 19, through the magnet 3215, switch arm 321, conductor 328, magnet 329, conductor 330, magnet 331, conductor 324, through magnet 2131 back to the transformer 23. When the magnet 201 is so energized, it will swing the switch arm 199 into engagement with the contact 200 to ready the magnet 192 for actuation immediately that the magnet 156 is energized, the current then passing from the negative high voltage main lead 25, conductor 160, switch arm 11, conductor 193, magnet 192, conductor 194, make and break device 295, conductor 136, switch arm 199 to positive conductor 241, down to switch arm 246 and contact 245. Thereupon, immediately that the magnet 156 is energized to swing the switch arm 246 into engagement with the contact 245, the current will then pass on from the contact 245, through the switch arm 246 and conductor 26 back to the high voltage positive lead 21.

In case however the current passin through the magnet 262 indicating that the new price was a lower price would be greater than the current passing through the magnet 258, then the arm 281 would be attracted to the contact 345 as a result of which the current from the negative lead 19 associated with the transformer 23 would pass down through the conductor 260, arm 261, contact 346, magnet 341 to energize the same and cause the arms 348 and 321 to be attracted, the arm 321 out of engagement with its contact and the arm 348 into engagement with the contact 349. The current would then pass through the conductor 350, arm 351, conductor 352 to magnet 353, conductor 354 to magnet 214 energizing the same to swing the switch arm 213 into engagement with the contact 212 and also to actuate the switch arm 355 into engagement with the contact 356. From the magnet 214 the current for the same would be established through the conductor 351 back to the positive lead 358 of the transformer 23. In this way, the current tothe magnet 201 which establishes the current to attract the arm 199 will be interrupted immediately that the ke 224 is released, and consequently no current flow to the magnet 192, for actuating the advancing escapementclaw 18.3,

"switch'ar-m fiifi, and conductor 26?, contact eswitch arms i245, lzfildzandlconductor "38 back to :ancaeao -=andwon the othenhand the' magnet 2i 4 energized "'rto :establish fthe'r' circuit'to:the magnetxzill for actuating the 'descendingescapement claw 2%. Thahigh voltage current for thernagnet 2M vthen'ivv'ill pass from thenegative leadl iili, contact it i,

.423, switch'arm ll, conductor 52%, make and break control'395, conductors 2%,

:the negative hightension lead 21.

" The: moment the lzey 22 i is released, the'magnet ":2swill, of course, bereleased to enable the'switch ifathezmagnetifili'could overcome the attraction tof'the magnetim and attract the arm 2M, the *magnet 'iflii'willhave been energized to actuate izthe'switch arms 353andl, the switch arm 355 to engage the contacttiiil and the'switch arm ;35|1t0 leave itscontact'and interrupt the current [to the oonductoriflfiil. When the switch arm 359 soengages the contact .35i3, the'magnet;32i will serve as a holding relay and permit the'current xthen'topass to' the conductor 323 from thenegative' conductor 19 through the conductor 36L switch'arm 359, magnet 3226, switch arm32l to lconductorfidzfl. .In turn, if the "current in the magnet ZEIwassufilcientto overcome the attraction of the-magnet 258, the switch arm "265 will have'been "brought into contact with the 'rcontact 3'4ii,in turntoenergize the magnet i /l ftoibringthe'switch arm 343 intoengagement with the'xcontacti and then serve as a holding relay when themagnetfZilfZ isideenergized, permitting the current'then. to pass from the negative lead 19 through the conductor 3E2, switch arm Silt, magn'et'M- E,conductor 3552, switch arm 3M and conductorl352 to the -magnet conductor 35:5

and magnet 2M.

The magnetlhfi heretofore referred to will be -=energized as part of the second functionnow to be described. While the key 224 is depressed it -will,=as aforesaid, close the circuit to the magnet "230 therebyactuating the two switch arms EM and 232 which will serve as a holding relay to fi iigswitch arm 232, conductors and 2 38, back toscon'ductor 1'28 which is connected by conductors 23S andl3l tothe positive lead of the trans-- former. Inthis way, upon the release of the key 1:224, the :magnet I constituting the starting switch will attract the switch arm 2% and thereby -close:the circuit as aforesaid from the contact 245 to the main positive high voltage lead 2'! throughithe'switch arm 244 and conductor 26.

The third function characterized by energiz --ing the last stop switch3l5 will not take place -untilafter themagnet i942 will have been ener- 'gizc'd-in turn to actuate the claw lfiilto advance the'wheel I62 one character space from displaying the black spot to displaying the number 1. Thereupon the contact I16 will have advanced on=the slip ring 112 to reduce the resistance equiv: Talent to-one space and thereby increase the current sufficiently now to energize the magnet 33! in the same level with the number 1 key of the xeighthsccolumn. it is hereunderstood, of course, 'thatsimmediately that the-key'224 associatedwith the number 1 key was released, the current from the resistance bar-253 through the-magnet 252 was interrupted to enable'the switch arms 253 and Eat-to return to normal position, that is, where the switch arm-254 again leaves the contact 255 and the switch arm 25%; new again engages the contact Nil as a result of which, after the key 22 has been so released, the circuit,'including the slip rings H3 and H2 of the fraction wheel l52, will again be associated with the magnet 33! by the conductor 254. When this occurs,

'the magnet :33! will attract the arm- 332, thereby to bring the switch arm 332 into engagement with the contact thereby to establish a circuit through the magnet 5534 to attract the switch arm Since the of the key will lish a circuit through the magnet 23! to attract the switch arm 335, a current will novfbe com pleted from the negative lead 99, through the conductor 235i, magnet 315, conductor 331, switch :arms33t and 335, conductor to conductor [28 'andby it throughthe conductors 228 and H31, back to the positive lead of the transformer 23. Immediately that the magnet 315 is so energized, it will actuate the switch arm 339 into engagement with the contact S ill, thereby establishing the circuit through the magnetBZil to actuate the same and initiate the actuation of the time delayed relay 32!, toactuate' the switch arms I29 and 246 to leave the contacts I39 and 3M and to keep the circuit interrupted for a length of time, sayplus or minus one-tenth of'a second, long enough for the various switch arms which have been displaced to record the new quotation, to return to their original positions. The current for the magnet 32M through the switch arm 339 can be traced from the positive lead of the transformer 23, through the conductor l3! to the magnet 3253 and then by means of the switch arm 339, conductors 3 l :l, 3 l 2, 3 lo and 368 back to the negative lead IQ of the transformer 23.

Mechanism for setting either high or low quotation In the present instance there is, see Fig. 3, a hundreds, tens, units and eighties column of magnets similar to the columns of magnets illustrated in Fig, 3 according to the present invention, associated to actuate either the high clutch magnet 342 or the low clutch magnet 343 to efiect the actuation of the wheels 3% or the wheels 345, respcctively, for displaying the high or low quotations.

Still assuming the example set forth heretofore when the number last posted was the whole number with a black spot in the fraction area to indicate that there were no fractionsand that the new number being'posted was the number or price 110 with the l being displayed in the fraction area, then the new price would, of course, be a higher price. According to the present invention, in such an eventuality, the magnet 842 controlling the arm 363, Fig. 1, would be energized and then only if the last quotation or price appearing on the wheels 3% was lower than the new price to be posted. Assume now that the last price posted on the wheels 3% was the whole number 110 with the black spot in the fraction area to indicate that no fractions appeared in the price, then if the up escapement magnet 20'! were energized the wheels 3M as Well as the wheels H622 to I85, inclusive, would rotate with the shaft I68 until a new price, "110%, were posted on both the wheels N52 to 55, inclusive, and the wheels t ld.

17 The control of the magnet 342 would result in the manner now to be described. In order to bring about this relationship, it will appear that initially when the up escapement magnet 201 is energized, indicating that the control magnet 258 was sufricient to overcome the magnet 262 and attract the arm 26!, then the current would pass from the transformer 23 through the conductors 358,324, magnet 33I, conductor 338 and magnet 329 thereby energizing the magnet 329 to actuate the switch arms 369, 310, 31I and 312 to engage their respective contacts associated with the con- ;ductors 313, 314, 315 and 316, respectively, leading to the inner slip rings of the wheels 344 similar to the slip ring I13 of the wheel I62, the outer slip ring being connected by the conductors 311,

318, 319 and 380 which are connected to the common conductor I18 and thereby connected to the negative main lead I9 back to the transformer 23. In this way if a higher price is next to be displayed or posted, the wheels 344 will be connected to the four rows of magnets corresponding to the hundreds, tens, units and eighths columns illustrated in Fig. 3.

In the first place, the magnets 38I of the hundreds column, the magnets 382 of the tens column, the magnets 333 of the units column, and the magnets 384 of the eighths column will be energized, the current passing from the negative lead I9 through the wheels 344 and through the conductors 313 to 316, inclusive, to the magnets 38I, 382, 383 and 384, respectively, and from these magnets back through the conductor I24 to the positive side of the transformer 23. When these magnets 38I to 384, inclusive, are so energized, depending upon the current determined by the resistances in the outer slip rings of the wheels 344, only those switch arms 385 in the hundreds column, 386 in the tens column, 381 in the units column, and 388 in the eighths column, corresponding to the number 110 and a black spot will be actuated where the current is sufficient to overcome the reaction of the springs 389, 390, 39I and 392, respectively. These springs are also raded as was the case with the springs 289 of the arrangement illustrated in Fig. 4, that is, the spring associated with the zero or black spot area resisting a one-quarter pound pull, and each spring connected with a successive upper area corresponding to a pull about one-quarter ounce greater. In other words, the springs in the number 1 area will correspond to a one-half ounce pull, the springs in the 2 area correspond to a three-quarters ounce pull, and so on. Now if the last high price posted on the wheels 344 Was 110 and a black spot corresponding to the last price posted on the wheels IE2 to I65, inclusive, then the magnets 283, 218, 213 and 265 in the hundreds, tens, units and eighths columns of Fig. 4 corresponding to the same number will be energized, in turn to cause the magnets in the adjacent column, such as the magnets 334, 393 and 286 to be energized to attract their respective switch arms, such as the switch arm 335, 394 and 281 to establish a circuit from the positive lead I24 through the conductors 365, 395, 396 and 391 to their respective switch arms 366, 398, 399 and 400. Now since the energization of the magnets 38I, 382, 383 and 384, in turn energized their associated magnets 48!, 402, 403 and 368, the current from the positive lead Q24 through the conductors 365, 395, 396 and 391 will pass up to the magnets 404, 405, 406 and 401 to actuate their respective switch arms and thereby close the current from the positive lead 241 through the switch arms 408,

409, M0 and 4 to the switch arm 4I2 which in the meantime has been actuated by the magnet 33 l' to enable the current then to pass through the conductor 413 to the magnet 342, and from the magnet 342 the current of course passes to the conductor !93 by means of the conductor M4 and from the conductor I93 back to the negative lead I56 and connected to the main high voltage negative lead 25. The positive conductor 241 so connected to the switch arms 408 to M I, inclusive, will be connected to the positive high voltage lead 21 as soon as the starting switch or magnet I56 is energized to actuate the switch arm 244 immediately that the laey 224 is released.

In turn, the circuits in the hundreds, tens, units and eighths columns of Fig. 3, associated with the wheels 344 will remain established so long as the circuits in the hundreds, tens, units and eighths columns of Fig. 4 are established and immediately that the last stop switch is energized, serving in turn to energize the magnet 32!] and thereupon the delay unit 32 I, in turn to actuate the switch arms 1'29 and 246 to leave the contacts I30 and 34! when the circuits not only to the hundreds, tens, units and eighths columns of Fig. 3, but also those columns of Fig. 4, will be interrupted as well as the circuits to the magnets associated with the stock selector keyboard 9.

If on the other hand, the price instead of 110 with a black spot were the last price posted on the wheels I62 to I65, inclusive, were 110 /8, that is, with the numeral 1 posted in the eighths column, then if the lowest quotation posted for the day also happened to be 110% and the new quotation to beposted was the whole number "110 with a black spot, when the key 224 in the eighths column was depressed correspondin to the black spot in Fig. 4, then not only would the wheels I62 to I65, inclusive, be actuated to post the new price 110 with a black spot, but also the wheels 345 associated with the low clutch magnet 343. In this case initially, the magnet 262 in Fig. 3 would overcome the force of the magnet 258 to actuate the switch arm 26! into contact with the contact 346, ultimately to energize the magnet 341 when the current would pass from the negative lead l9 through the conductor 352, magnet 353 and low escapement magnet control 214, thereby to actuate the switch arms 355 and 2I3 into engagement with their respective contacts 356 and 212. The current would then pass from the positive lead 241 through the switch arm 2 I3, conductors 2H and 209 to the magnet 281 or low escapement control to actuate the claw 205, and from the magnet 201 it would return by way of a the conductors 208, I93 and I to the negative lead 25.

Here too, when the fraction wheel I52 had finally been turned to display or post the black spot after having posted the number 1, as was the case when advancing the wheel I62, the last switch magnet 3I5 would be energized to interrupt the several controlling circuits. At the same time, however, now the current to the magnet 353 would be established instead of the current to the magnet 329, since the magnet 262 will in turn cause the current to be established to the magnet 343 and thereby complete the circuit through the conductor 352 to the magnet 353. When the magnet 353 is so energized, it will actuate the switch arms M5, M6, 4!! and 4I8 to establish a current through the conductors 419, 420, 42I and 422, thereby connecting the same columns of magnets, see Fig. 3, to the wheels 345 of the low quotation wheels which columns were formerly con- "strata When the wheels 345 are so connected to the magnets QBI, 332, 333 and 384, see Fig. 3, they will in turn energize the magnets MI, 402, 403 and 368, respectively, in turn to establish a current to the magnets 564 to 4M, inclusive, and since now the low escapement magnet 2I4 is actuated, the current from the positive lead 24'! will now pass through the switch arms 408, 469, M and 4 through the switch arm 355, conductor 423 to the conductor 424 and by it to the low clutch magnet 343 thereby to actuate the arm 425 to cause its clutch 425 to engage the fraction wheel 345 of the flow quotation wheels 345. Here too, when the newnumber is finally posted by the wheels I62 to 65, inclusive, and by the wheels 345, then as was the case with the high quotation wheels,

when associated with the last quotation wheels action through the delayed unit 32I to interrupt the several controlling currents as aforesaid.

Mechanism for setting open quotation When this invention is to be used with a stock quotation board, then there may also be associated with the last, low and high quotation units, an open quotation unit for posting the first quotation for the day. In the present instance wheels 42? are provided to post the open or first quotation of a trading period. These wheels are mounted on the same shaft IE8 as the wheels 2344, 345 and I62 to I65, inclusive.

Before the opening of a trading period, or at the end of a previous trading period, according to the present invention, it is contemplated that all of the wheels should be set to the nearest whole number on the last quotation wheels, and that in place of the black spot being posted or displayed on the fraction wheel, the white spot corresponding to the topmost key 225 would now be displayed to indicate to those watching the board correspond to the whole number 111 and a white spot. Before the delay switch unit 32I has 1 interrupted the circuit, the high key 428, see Fig.

3, will be brought into engagement with the contact 429 when the current will pass from the positive high voltage lead 247 through the switch arm I 428, conductor 4I3 to the magnet 342 and fromthe magnet 342 through the conductors 4I4, I93, through switch arm II and conductor I60 to the m high voltage negative lead 25. Thereupon the key 430 will be repeatedly pressed into engagement with the contact 2H? whereby the current will be established fromthe positive high voltage lead 27 through the conductor 2 to the magnet 201, ;and such movement of the key 430 continue until the white spot will be displayed or posted in the fraction area. In. turn, thereupon in order to set the low quotation wheels 345 at 111 with a are exposed. [The handle I "through an opening 443 adjacent the window 442. 'This lever "or key 435 has a contact 444 on the whjit's e tiie key 32 an be depressed intes igagem'ent with the contact433 and then, the key 438 actuatedintoengagement with thecohtac't it l to establish acir'c'uit' through the magnet I52 to raise the price'poste'd on'the lowquota'tio 'n wheels 345 from l'i6 /s to 11l'and a white spot. Finally, in order to set'the open errataftio'n wheels' iZl, the key 434' will'be depressediii'to engagement with thecontact 435 so that the eurrent will now energize theclutch control niagnet 433'to attract the arm 437 and thereby bring the clutch 43 8 intoengagement'with the fraction Wheellof the open quota tion wheelsf42'fso that w t "the actuation pr the shaft I68 now the ",open"quota"tion wheelswill be rotated. Thereupon, 'since the open quotation of the previous day as 110 /8, the key 439 will'nowbe actuated into engagement with the Contact 191 'unt ili t'he shaft I63 has actuated the fopenf 'fquotation wheels 42? to post thequotation 111'a'nd awhite spot,

, Thereupon, however, the openfdisplay wheels 42? will at 'the'op'eiiing Show the price i 1 and a White. spot for a particular stock. Inorder to connect the wheels .42! sothat theyniay register thefirstprice of a particular stock aridfiiomore, there has beenprovided the key 43il mountedj on the shaft I68, one arm 440 of which extends through the front wall AM of the casing,in which the wheels 42?, 344, 345 and the s'et'IfiZ to I65,

inclusive, 'are'mounted, the front wall having an opening or window 442, see Figs. 5 and 6,"t h rou g'h which the numbers 'or'indices on the. peripheries of the wheels aforesaid to be displayed or p'os ted i? ma ex insulated portion 445 in engagement'with three contacts 441,443 and 4 49,th-e contact 44lbeing .cohnectTed to the conductor 459 connected in turn j to the,open quotation clutch controlling magnet L436, the, contact 448 being connected to the conductor H3 connected to the high quotation clutch controlling magnet 342, and the contact 449 being connected to the conductor 424 of the 'flow quotation clutch controlling magnet 343.

45'I slidably mounted in the wall I'Iil and 'conhe'cte d' at onelend tothe arm 45B of the lever 431.

'Aftenthe severalsets of wheels ,have been set as. above described, to the same 'whole'number fflll with a white spot in the fraction area, then .the key 439 may be actuated. intothe position shown in Fig. against the tension of the spring 159., ,It will then be seen that where the first quotation is higher or lower than the whole number, said 111 with a white spot, due to the iconfnectionlof the open quotation clutch control magn'et 43ii with both the high quotation clutch control magnet 3.42 and the low quotation clutch magnet 343, it will in either instance energizethe "open clutch control magnet 436 with the first setting thereby actuating the rod 451 to free the first toothf4tl4 and engage the second tooth 453' witlrfinger 456 when, however, contact will still be maintained, see Fig. 7, between the plate 4.44, and the contacts .441, 448 and 443., as

I a result of which the wheels 42!, 344, 345 and IE2 Ito "I65, in=clusivc, will be rotated with the shaft i623 either upor down to clear the white spot areas and post the first new quotation, which will be the open," high, low and last. Upon the conclusion of its new posting, the magnet 436 will, of course, be deenergized when the rod 451 will be moved to clear the tooth 453 and then enable the contacts 441, 448 and 449 to clear the plate 444. It is, of course, understood that even if the new price being quoted is now 111 it will then appear on the last quotation wheels as 111 and a black spot, requiring the fraction wheel to be rotated downwardly and, of course, if the new price was any other price than the Whole number 111, it would have to be lower or higher than the whole number 111 and a white spot set before the opening.

Miscellaneous mechanisms Since the low voltage circuit can be interrupted by the key M adjacent the transformer 23, Fig. 4, this key can be operated manually when in the course of a posting, either the stock being selected by the keyboard 9 or the price being selected by the keys 223, 224 and 225 was incorrect. The opening of the switch arm 2I will interrupt the circuit in all of the magnets associated with the stock selecting keyboard 9 and all of the magnets associated with the price selecting keys 223, 224 and 225. After such key has been so opened, the price of course will not be posted and the selection can be started afresh.

On the other hand, if several sales at different prices of one and the same stock are to be successively posted, means are provided for holding the stock selecting magnets after a certain price has been selected, but before it has been posted, and then immediately after it is posted, to select the next price for that same stock. For this purpose, the key 458, Fig. 4, is provided to cooperate with the contacts 459 and 450 of the conductors 46I and 462, the conductor 462 being connected to the positive conductor 29 and the conductor 461 being connected to the conductor I3I. The circuit for the stock selecting magnets are connected to the conductor 29 and consequently if the conductor 29 is maintained closed and not interrupted by its connection through the conductor I24 through the delayed magnet unit 32 I, the delayed magnet unit 32I will only open the circuit forcontrolling the magnets associated with the price selecting mechanism.

In turn, if while posting a quotation, the stock selecting keys were properly depressed but an error Was made in selecting the number keys, then again the circuit through the conductors 29, 462 and 46I for maintaining the circuit to the stock selecting magnets will be affected by bringing the key I26 into contact with the contacts 463 and 464 when, however, the key I25 will clear the contacts I25 and I2! and thereby interrupt the current passing through the conductor I24 to the magnets associated with the keys, when the latter magnets will be liberated or deenergized, but the stock selecting magnets will be energized and the stock selection maintained.

Since the needs of a stock quotation board as here described do not require the actuation of the key 465 it may be omitted without departing from the general spirit of the invention. On the other hand, it is of course obvious that the key 465 here disclosed could also be used to advantage in posting information, other than stock quotations, where the fraction wheel might be required to be connected, as shown, to ten keys just as is the case with the hundreds, tens and units keys,

It is obvious that various changes and modifications may be made to the details of construction without departing from the general spirit of the invention as set forth in the appended claims.

I claim:

1. In an information posting board, the combination of a plurality of groups of display areas, a group of information display wheels for each area, a first control board common to all of said display areas, means for electrically connecting said first control board with any one of said display areas to the exclusion of the others thereby to select one of said areas for operation, said first control board having a plurality of keys, difierent electrical connections for each key, said keys and their connections in combination forming independent electromotive forces, one combination for each display area, a second control board common to all of said display areas, said second control board having a plurality of keys, means including different electrical resistances for each key to establish circuits of different electromotive forces, means including electrical resistances mounted in each wheel, brushes for stepping off different resistances for each wheel depending upon the information displayed by such wheel to establish circuits of different electromotive forces when selected by said first control board, and means for actuating the Wheels of the display area selected by said first control board until their electromotive forces coincide with the electromotive forces of the circuit established by said second control board.

2. In an information posting board, the combination of a plurality of groups of display areas, a group of information display wheels for each area, a first control board common to all of said display areas, means for electrically connecting said first control board with any one of said display areas to the exclusion of the others thereby to select one of said areas for operation, said first control board having a plurality of keys, distinct electrical connections for each key, said keys and their connections in combination forming distinct circuits of electromotive forces, one combination for each display area, a second control board common to all of said display areas, said second control board having a plurality of keys, means including distinct electrical resistances for each key to establish circuits of distinct electromotive forces depending upon the keys actuated, means including electrical resistances mounted in each wheel, brushes for stepping off different resistances for each wheel depending upon the position of such wheel to establish circuits of distinct electromotive forces when selected by said first control board, and means for actuating the wheels of the display area selected by said first control board until their electromotive forces coincide with the electromotive forces of the circuit established by said second control board.

3. In an information posting board, the combination of a group of information display wheels, a control board having a plurality of keys, means including different electrical resistances for each key establishing circuits of distinct electromotive forces depending upon the keys actuated, means including electrical resistances mounted in each wheel, brushes for stepping off different resistances for each Wheel depending upon the inf ormation displayed by such wheel to establish circuits of distinct electromotive forces, means for initially establishin current in the resistances of said display wheels, and means for thereupon actuating the display wheels until their electromotive forces coincide With the electromotive *forces f the circuit established by'the keys of said control board and after the circuit has been so established by the keys of said control board.

4; In'an information posting board, the combina-tion'of a driven shaft, a group of information *display wheels operatively mounted on said driven shaft, a control board having a plurality of keys, 'means including different electrical resistances for each key establishing circuits of distinct electromotive forces depending upon the keys actu- "ated, "means including electrical resistances m'ounted in each wheel, brushes for stepping oil different "resistances for each wheel depending upon the information displayed by such wheel to establish circuits of different electromotive forces,means'including eiectromagnets and actuating'means operatively connected to said shaft, 'onefor actuating said shaft in one direction and "the other for actuating said shaft in the opposite direction, means for initially establishing currentw in the resistances ofsaid display wheels, and meansforthereupon establishing a circuit by the-keys of said control board to energize one "or-theother of said magnets to actuate said shaft 'and'in' turn said wheels until their electromotive forces coincide with the electromotive forces of "the-circuit selected by thekeys of said control -board.

'5; In an information posting board, the com- 'bination of a driven shaft, four display wheels constituting a set mounted on said shaft, one "wheel-for the hundreds, a second for the tens, a third for the'units, and a'fourth for the fractions, having a cylindrical display divided into ten equal "successive areas, the areas of the cylindrical displays of the hundreds, tens and units including "the numerals 1 to 9, inclusive, and a marking in- -dicativeof the zero index, and the successive areas ofthe "cylindrical display of the fraction Wheel including the numerals 1 to 7, inclusive, 7 a marking'indicative of the zero index, a marking indicative of'no previous quotation for a particular trading period, a blank area not to be displayed, said wheels being interconnected to facilitate carrying over from one wheel to the next, the fractionwheel alone being fixed to said --driven shaft, a control board having a plurality of keys, means including different electrical resistances for each key establishing circuits of distinct electromotive forces depending upon the keys "actuated, means including electrical resista'nces'mounted-in each wheel, brushes for stepping .off the different resistances for each wheel depending upon the information displayed by 'such'wheel to establish circuits of different elec tromotive forces, means including electromagnets and actuating means operatively connected to said shaft, one for actuating said shaft in one direction and the other for actuating said shaft in the opposite direction, means for initially es tablishing current in the resistances of said dis-- play wheels, and means for thereupon establishing a circuit by the keys of said control board to energize one or the other of said magnets to actuate said shaft "and in turn said wheelsuntil their electromotive forces coincide with the electromotive forces selected by the keys of said controlboard.

6. In an information posting board, the com- "bination set forth in claim 2, characterized by means including a correction key for interrupt- "ing the circuits established by the keys of the second control 'board without interrupting the :circuits established by'the keys of the first cont'rol board.

" Number binatlon set forth in claim'Z, characterized-by means including'a correction key for interrupting the circuits established by the keys of both'thc first and second control boards before the information has been posted by these controlboards.

8. In an information posting board such as set forth in claim 2, characterized by means includ ing a holding key for maintaining the circuits set up by the first control board, and for posting a second information item by the information display Wheels initially selected by said first control board.

9, In an information posting board, the combination set forth in claim 3 characterized by the display wheels including a first quotation group rotatably mounted on the driven shaft, and manually controlledmeans for readying said first quotation group to rotate with said shaft either-to 2-, hi her or a lower price only when posting of the first quotation of a particular tradingperiod and then enabling said first quotation group to remain dormant for the remainder of the particular trading period.

ill. In an information posting board, the combination setforth in claim 1 characterized by the display wheels of each area including a-first quotation group rotatably mounted on the driven shaft, and manually controlled means for readying said first quotation wheels to rotate with said shaft either to a higher or lower price only with the posting of the first quotation'of a particular trading period and then enabling said first quo tation wheels to remain dormant for the remainder of the particular trading period.

11. 'In' an information'posting board, the combination of a driven shaft, four display Wheels constituting a set mounted on said shaft-one wheel for the hundreds, a second for the tens, a thirdfor the units, and a fourth for indicia including the fractions, said Wheels bing'intercom nected to facilitate carrying over from one wheel to the next, the fraction Wheel alone being fixed to said driven shaft, a control board having a plurality of keys, means including different electrical resistances for each key establishing cir cuits of distinct electromotive forces depending upon the keys actuated, means including electrical resistances mounted in each wheel, brushes for stepping off the different resistances for each wheel depending upon the information displayed by such wheel to establish circuits of different electromotive forces, means including electromagnets and actuating means operatively connected to said shaft, one for actuating said shaft in one direction and the other for actuating said shaft in the opposite direction, means for initially establishing current in the resistances of said dis play wheels, and'means for thereupon establishing a circuit by the keys of said control board to energize one or the other of said magnets to actuate said shaft and in turn said wheels-until their "ele'ctromotive forces coincide with the electromotive forces selected by the keys of said control file of this patent:

UNITED STATES PATENTS Name Date 20965954 Bellamy Oct. 26, 1937 

